EUR/USD Signal Update
Yesterday’s signals expired without being triggered.
Today’s EUR/USD Signals
Risk 0.75%
Trades must be made before 5pm London time.
Short Trade 1
Short entry following some bearish price action on the H1 time frame immediately upon the first touch of 1.1350.
Place the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 25 pips in profit.
Take off 50% of the position as profit when the trade is 25 pips in profit and leave the remainder of the position to ride.
Short Trade 2
Short entry following some bearish price action on the H1 time frame immediately upon the first touch of the upper channel trend line above whih is currently sitting just above 1.1400.
Place the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 25 pips in profit.
Take off 50% of the position as profit when the trade is 25 pips in profit and leave the remainder of the position to ride.
Short Trade 3
Go short following some bearish price action on the H1 time frame immediately upon the first touch of 1.1532.
Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 25 pips in profit.
Remove 50% of the position as profit when the trade is 25 pips in profit and leave the remainder of the position to ride.
EUR/USD Analysis
There has been no change at all to the technical picture, with this pair again remaining in the same narrow range that it has been in all week. The market is awaiting some substantial news about Greece. Good news will probably put the price up, but a bad deal or the absence of a deal would probably lead to a sharp drop.
There are no high-impact data released scheduled for the EUR today. Regarding the USD, at 1:30pm London time there will be releases of U.S. data concerning Retail Sales and Unemployment Claims.